Today in the early morning, the Federal Reserve's interest rate decision was announced. The hawkish tone is there, but not as aggressive as expected.

Key signal? They might hit the pause button next, not rushing to cut rates. But there's one detail worth noting—the Fed announced it will buy $40 billion worth of short-term government bonds each month. Don't underestimate this move; its liquidity-stimulating effect is much stronger than rate cuts. I mentioned this last night.

However, this wave of liquidity won't take effect immediately. It won't be apparent until January next year. Plus, with the expectation of a rate pause still in place, market sentiment is bound to be a bit tense. So, the current movements in Bitcoin are actually a reflection of this mixed mindset. Short-term volatility is normal; the key is to keep an eye on the data in early next year.